Bridgit Blueprint: How bridging helps clients consolidate their finances

This month, we’re exploring a powerful use case for bridging finance: financial consolidation. Whether your clients are purchasing another property or navigating multiple streams of debt, learn how bridging can streamline and simplify their repayments. 

Homeowners can use this solution in conjunction with buying before selling, or simply release equity ahead of selling for consolidation, providing short-term cashflow support.

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Streamlining with bridging finance 

From credit cards to personal loans to mortgages, many Australians are navigating multiple loans. 

With several repayment cycles and interest charges being applied, it can quickly become overwhelming to manage multiple loans at once, and heavily impact cashflow.

If homeowners are looking for ways to regain control of their finances, bridging can offer a helpful pathway to financial consolidation, this can be in conjunction with a new purchase or a simple equity release solution before selling.

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How bridging helps homeowners seeking financial consolidation

• Simplify your repayments: Rather than juggling multiple repayments from multiple loans, consolidating into a single loan means only one set of repayments. With Bridgit, there are no repayments required during the loan term, either.
  
• Save on interest charges: Bringing all debts into a single loan can reduce interest charges and unlock a better interest rate on the loan amount.
  
• Support cashflow before selling or refinancing: Bridging gives your clients the breathing room to cover existing debts and manage day-to-day cashflow while preparing to sell their property or secure their next refinance. Instead of scrambling to make multiple repayments, they can focus on their next move.

With Bridgit, you can support your clients at a moment’s notice, too. Apply online in minutes and secure approval in 24 hours to get your clients moving sooner. 

How this creates opportunities for you

Bridging finance isn’t just a solution for your client — it can also open doors for your business. By presenting financial consolidation as a bridging use case, you can:

• Expand your client base – attract homeowners who may not have considered a broker before.
• Differentiate your service – stand out from competitors by showcasing bridging expertise beyond the usual buy/sell conversation.
• Build long-term relationships – supporting clients through high-pressure situations builds loyalty and keeps you front-of-mind.

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Want to learn more?

Schedule a call with our team to learn more about Bridging finance today.